SBUX
Cannot help seeing bearish, trend reversal structures everywhere.. now in SBUX
WHY
- nicely formed double top and unlike double top in AAPL this one is formed
- broad market seems to be topping
- very nice divergence in indicators
- bearish engulfing on W
HOW
- short stock with a tight stop
- consider options on a lower timeframes (1H,4H) on the way down
TARGET
- 0.68 Fibo of the previous move up on M supported by 200MA
ENTRY
- immediate on W chart as the rest of the market is about to turn down
Cannot help seeing bearish, trend reversal structures everywhere.. now in SBUX
WHY
- nicely formed double top and unlike double top in AAPL this one is formed
- broad market seems to be topping
- very nice divergence in indicators
- bearish engulfing on W
HOW
- short stock with a tight stop
- consider options on a lower timeframes (1H,4H) on the way down
TARGET
- 0.68 Fibo of the previous move up on M supported by 200MA
ENTRY
- immediate on W chart as the rest of the market is about to turn down
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts